This country's projected growth is just too significant to ignore. Plus, there is the recent disruption with "demonetization," the aggressive move to combat and modernize the country's mostly cash economy. The combination of the two factors could mean lucrative opportunities investing in companies set to capitalize on India's future growth.

Last year, the Indian stock market did well, even as it underperformed both the S&P 500 and the MSCI Emerging Markets Index. The BSE500 index, which consists of the top 500 companies listed on the Bombay Stock Exchange (BSE), and thus represents the Indian stock market, was up 5% in 2016.

That performance was substantially better than the Shanghai Shenzhen 300 Index, one of the main indices for China, which declined 9%. Over the past five years, the BSE500 more than doubled, when factoring in dividends. In terms of annualized performance, the BSE500 Index returned more than 15% per year, greatly outperforming the MSCI Emerging Market Index's 1.3% annualized return and the Shanghai Shenzhen 300 Index's 9.3%.

Bombay Stock Exchange 500

While past performance is not an indication of future returns, India is now the world's fastest-growing large economy. Over the past year, its economic growth is expected to be about 7.6%, which is higher than China's. And the World Bank expects India's GDP growth to remain steady at 7.7% in 2017.

With "demonetization," the Indian government has declared all 500 and 1,000 rupee bills worthless, which is about 86% of the cash in circulation (500 rupees is a little more than $7). There's no question that this is hurting the economy short-term. It's very likely, though, that the shift to cashless businesses will end up improving the economy in the future, helping combat corruption and the black market, both of which are harmful to growth.

Moreover, the negative effects of demonetization seem to have been anticipated by the market and are already baked in into expectations. And even a conservative 7% growth forecast, coupled with the current strength of corporate profits, is encouraging for growth-seeking investors.

Don't Underestimate The Middle Class
India and its promise are not to be overlooked. And with my newest investment recommendation set to benefit from the growth in the country's economy and its middle class, we are getting some exposure to this country's growth story, too.

While China is likely to remain the emerging markets' primary growth engine thanks to its huge economy, India is expected to grow even faster. Moreover, considering our president-elect's hawkish view on China, India could also benefit from the shift in focus.

Just as we've been seeing in other emerging economies such as those in China and Brazil, India's expected growth is likely to elevate its middle class to a much larger role.

A growing middle class means that these people would exhibit at least some of the attributes associated with middle-class life -- including more frequent travel. Given the likely increase in Indian travel, that's where I want to look for our next game-changing stock.

I've found an attractive prospect that stands to directly benefit from this trend. With a market cap of just over $1 billion, this company's future is undeniably tied in with the future of the Indian economy and, more specifically, its middle class.

Middle-class growth is expected to be nearly as explosive as it was for China. India's middle class is still relatively small, at some 50 million people, but will expand dramatically to 583 million people by 2025, with growing income and everything else that follows.

While the broad exchange-traded funds that focus on India will likely benefit, my Game-Changing Stocks subscribers and I have a different plan. Our pick has the potential to grab a large share of that exploding middle-class market. Even better, it saw growth in holiday sales this year, even as the rest of its industry was severely impacted by demonetization. Unfortunately, this recommendation is only available to my Game-Changing Stocks subscribers. If you'd like to learn the name of this company -- and get access to my full portfolio of high-performing stocks -- I invite you to click here.

GeniaTuranova does not personally hold positions in any securities mentioned in this article.StreetAuthority LLC does not hold positions in any securities mentioned in this article.